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Marysya12 [62]
3 years ago
9

In the long​ run, a perfectly competitive market will A.supply whatever amount consumers demand at a price determined by the min

imum point on the typical​ firm's average total cost curve. B.generate a long run equilibrium where the typical firm operates at a loss.C.supply whatever amount consumers will buy at an economic profit price. D.produce only the quantity of output that yields a long run profit for the typical firm.
Business
1 answer:
In-s [12.5K]3 years ago
5 0

Answer: Option (A) is correct.

Explanation:

Correct Option: A.supply whatever amount consumers demand at a price determined by the minimum point on the typical​ firm's average total cost curve.

In the long run, equilibrium price of a perfectly competitive firm implies that there is no economic profit for the firm. This situation occur when the marginal cost is equal to the average total cost.

The firm is break even when the price is equal to the minimum point of average total cost of the firm. So, there is no possibility of economic profit for the firm.

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You borrow $8000 to buy a car, at an annual interest rate of 6%. Assume interest is compounded continuously. You make monthly pa
hram777 [196]

Answer:

We should pay $243.3 each month to pay of the loan.

Explanation

The present value of the loan is 8,000, the number of compounding periods are (3*12) =36 because payment is going to be made monthly for 3 years, the future value of the loan is 0 as there will be no lump sum payment at the end of the loan and equal payments each month, the monthly interest rate is 6%/12= 0.5%. We input these 4 values to find the monthly payment.

PV= 8,000

FV=0

N=36

I=0.5

Compute PMT= 243.3

8 0
3 years ago
For a long time, when a team from the American Football Conference won the Super Bowl, the stock market had a bad year; when a t
Ulleksa [173]

This is an illustration of correlation without causation.

Explanation:

For Example:

The inspectors who are poorly informed calculate shoe size and decipher comprehension. You note that both are linked favourably. Their report claiming smaller feet lead to better reading skills is, of course, denied. Given the connection between the two, foot size does not affect better reading abilities.

First of all, age estimation is related both to the foot size and comprehension of the reading. The another missing element is a philosophical and analytical model that can be used to explain the causal relationships from age to foot and from age to understanding through reading. Older existence is associated with both and because we have a rational conceptual model for human experiences which is in line with such an explanation, we assume it is the origin of both.

7 0
3 years ago
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:____________
dolphi86 [110]

Answer: C. . the efforts of a company's whole management team, not just a few senior managers

Explanation:

Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.

5 0
2 years ago
Suppose that, in an attempt to combat severe unemployment, the government decides to increase the amount of money in circulation
ELEN [110]

Answer:

increases

higher

more

lower

lower

Explanation:

If the money supply is increased. individuals would have more money and consumption would increase. Increase in consumption would lead to a rise in demand.

when demand exceeds supply, prices rise,

When there is a rise in price, it encourages producers to increase production in order to increase their profit margin.

In order to expand production, more factors of production would be needed. So, more labour would be hired. thus, unemployment would fall.

it can be seen that higher inflation lowers unemployment

5 0
3 years ago
Donovan manages a warehouse with over 1,000 associates performing a variety of tasks. After walking through the building talking
Vitek1552 [10]

Answer: by instructing his teams to create mission statements with clearly defined goals

Explanation:

These are the options:

A. by dismantling the teams so he can make one goal for the entire facility

B. by instructing his teams to create mission statements with clearly defined goals

C. by making all employees trade jobs for several weeks so they have more in common

D. by increasing the dependence of the teams on each other so all tasks share common goals

E. by giving each worker a set amount of time to find out what their goals should be or face discipline

From the question, we will realize that Donovan learned that just few of the workers in the company share any sense of common goals within teams as there was He notes disparity in what the workers were doing and the goals to be accomplished.

Based on the above scenario, he should instruct his team to create mission statement that has clearly defined goals. The mission statement will show the reason for the existence of the organization, the goal of the organization, the kind of product or service rendered etc. This will help the workers know what is expected from all of them and work towards it.

7 0
3 years ago
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